TATG opens trading on first day, price jumps 85.60% above reservation price

SET, 8 Oct. - TATG shares opened their first trading day at 2.32 baht from the IPO price of 1.25 baht, an increase of 1.07 baht or 85.60%. Mr. Prapan Charoenprawat, Market for Alternative Investment (mai) Manager, and Dr. Payung Sakdasawit, Chief Executive Officer of Thai Auto Tools and Dies PCL, along with executives, joined the opening ceremony of the first day of trading on the Market for Alternative Investment (mai) of Thai Auto Tools and Dies PCL, using the abbreviation 'TATG' for securities trading. The first day of trading was at 2.32 baht from the IPO price of 1.25 baht, an increase of 1.07 baht or 85.60%. TATG and its subsidiaries operate two main businesses: the design and manufacturing of tools for the automotive industry (Tooling), such as metal stamping dies, inspection fixtures, and assembly fixtures; and the other business is the manufacturing of metal stamping automotive parts (Automotive Press Parts). The IPO price of 1.25 baht is equivalent to an IPO offering value of 125 million baht, w ith a securities value at the IPO price of 500 million baht. The money raised from the fundraising will be used to invest in additional machinery to upgrade the organization to international standards, repay loans from financial institutions to reduce financial costs, and use as working capital for business operations.-516-Thai News Agency Source: Thai News Agency